secwatch.observer — SEC 8-K summary
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Issuer:     CONNS INC (—)
CIK:        0001223389
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001104659-24-008672
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conn's Inc. closes $353.6M receivables securitization; $252.6M net proceeds for debt repayment
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- Issued $133.5M Class A (7.05%), $98.1M Class B (9.80%), $27.8M Class C (10.34%) notes due Jan 2029.
- Net proceeds $252.6M to repay ABL facility and for general corporate purposes.
- Notes secured by $353.6M of customer receivables; Fitch ratings: BBBsf/BBsf/B+sf.
- Servicer Conn Appliances receives 4.75% annualized fee; Class R notes retained by affiliate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/tm244574d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-008672

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